Being my own boss
Managing Cashflow in my business
- Raising my invoices promptly
- Chasing up unpaid invoices
- Diversifying my income
- Having a strategy in place for quieter months
- Affiliate income
- Course sales
- Other products
Managing quieter months
Dealing with unpaid invoices
I am not afraid to spend money if it helps to grow my business, but every quarter I go through my business expenses and see what can be trimmed. Perhaps there is a service I loved but that I no longer need, or switching hosts could save me a few hundred pounds.
I regularly monitor the business outgoings and make changes where we can save money.
After paying off £15,000 worth of credit card debt I am in no rush to get into any further debt. However, running your own business and managing cash flow alongside quieter months and unpaid invoices means that I am always aware of where we could turn to if we did need to get credit. I've also kept track of my credit score using CreditExpert.
Get your free 1% at a time printableThis simple trick helped us to clear £15,000 worth of credit card debt. Simply take your savings goal and divide it by 100 to get your 1% at a time. Once you have saved or earned 1%, cross it off. Download this free printable to keep you on track.